REGISTERED DISABILITY SAVINGS PLAN Have you opened a Registered Disability Savings Plan (RDSP) for yourself or your disabled family member? You should—today! This tax-deferred savings plan offered by the federal government is an invaluable resource available to the disabled population of Canada … [Read more...] about REGISTERED DISABILITY SAVINGS PLAN (RDSP)
THE “INSPIRATIONS” SPECIAL NEEDS COMMUNITY
Montreal Special Needs Community In today’s detached, technology-run world, it’s hard to feel part of a community. Who has time to connect to people who have similar challenges, common interests, and shared goals? But community is so important. Without a community, we are just lonely individuals … [Read more...] about THE “INSPIRATIONS” SPECIAL NEEDS COMMUNITY
Quebec Disability Benefits
If you receive a disability tax credit from the federal government for yourself or a dependent, then you are most likely eligible to receive compensation from the Quebec government, too! Quebec benefits are paid out differently—and applied for differently—than the federal benefits. Disabled … [Read more...] about Quebec Disability Benefits
Investment Planning for the Disabled
If you are the caretaker for a disabled family member, planning for his or her future weighs heavily on your mind. How will your loved one manage on his/her own? You want to set aside a sizable investment without compromising your child’s benefits. Yes, the tangled web of investment planning and … [Read more...] about Investment Planning for the Disabled
Reserve Handicap Parking for the Handicapped!
The handicap parking spot is open. But every single other parking spot in the entire parking lot is taken. Could you park there? Should you park there? Will you park there? https://www.youtube.com/watch?v=FAi4fWYm7M0 If those joggers in California would have just taken a … [Read more...] about Reserve Handicap Parking for the Handicapped!
Can Society Accommodate the Disabled?
Check out this view on disability from the World Health Organization. Disabilities is an umbrella term, covering impairments, activity limitations, and participation restrictions. An impairment is a problem in body function or structure; an activity limitation is a difficulty encountered by an … [Read more...] about Can Society Accommodate the Disabled?
Learning Disability and The Disability Tax Credit
“My child has a learning disability. Will she qualify for the disability tax credit?” This is one of the most common questions I get, and often, the answer is yes! First, let’s take a look at the conditions set forth by the Canada Revenue Agency, and then how learning disability might fit with … [Read more...] about Learning Disability and The Disability Tax Credit
Disability Tax Credit
A Layman's Explanation The DTC (disability tax credit) is defined by the Canada Revenue Agency as “a non-refundable tax credit used to reduce income tax payable on the income tax and benefit return. A person with a severe and prolonged impairment in physical or mental functions may claim the … [Read more...] about Disability Tax Credit